The Microelectronic Circuits Centre Ireland has increased research revenue from €7.5m in 2018 to €8.1m in 2019, its annual report shows.
The MCCI’s books also state that it is one of Ireland’s highest performing research centres, with a return on investment ratio of 4:1 to date on government investment.
Based at Tyndall National Institute in Cork, and funded by Enterprise Ireland and the IDA, MCCI was founded to deliver high impact research for the semiconductor industry and to generate high impact technology.
MCCI executive director, Donnacha O’Riordan, said:
More than 8,000 people are directly employed and annual direct export revenue is over €9bn in microelectronics, and is key to supporting Ireland’s multi-billion ICT sector.
The impact of the MCCI is recorded in this year’s Annual Report, and is forecast to be over €150 million in economic value to the state by 2023.
The centre has supported the creation of almost 500 jobs (458) since 2015.
MCCI acts as an essential research partner for the semiconductor industry in Ireland, and has licensed more than 15 commercial IPs over the last year.